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Report Cross-border links

2025 CSD Links Report

ECSDA's report on CSD links as the secure route to cross-border post-trade access, covering operational requirements, market developments and the case for a unified CSD account approach.

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Today, 20 October, ECSDA releases the 2025 CSD Links reports.

CSD links continue to represent the most secure and market-driven enabler of cross-border post-trade access — ensuring the highest standards of asset protection and full legal certainty for securities ownership and transfers.

In this new paper, ECSDA highlights:

  • The requirements and challenges of opening and operating a link,
  • The benefits for users and the alternatives to cross-border link settlement,
  • Recent developments based on the latest data,
  • Key policy recommendations to strengthen this efficient market linkage tool, and
  • The actions needed to enhance post-trade connectivity in support of the SIU.

🔗 Discover how European CSDs are advancing their joint vision to ensure that all European securities become accessible from a single CSD account.

Link to the report

Link to the CSD links matrix

Tags

  • CSD links
  • cross-border settlement
  • post-trade connectivity

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